NewsletterMina Price Analysis: Will MINA Coin Breach The All-Time Level Of $6.4?
From a technical perspective, the MINA/USD chart indicates a positive outlook for this coin, as its price has surged 44% in just two trading days. This coin is quite near to it’s All-Time High level, and a breakout from this level will indicate high potential for MINA coin price.
Key technical points to consider:
- The MINA coins daily RSI line about to reach the overbought territory
- The intraday trading volume in the MINA coin is $1.1 Billion, indicating a massive 2014.3% hike
Source- MINA/USD chart by Tradingview
On September 14th, the MINA coin rally was rejected from the $6.5 level, marking it as the New All-Time High in the technical. This bearish reversal plunged the coin price near the $4 mark, where it started experiencing sufficient supply pressure.
The coin tested this support multiple times, and then one fateful day, i.e., on November 10th, the price managed to bounce back from this support, initiating a significant movement in the MINA/USD chart. This coin has gained 44% in just two trading days and showed a tremendous interest of crypto traders by a 2000% volume hike.
The coin is currently trying to breach the All-Time High resistance around the $6.5-$6.35 mark. And as for the Relative strength index(75), it shows a steady growth towards the overbought region.
MINA/USD Chart In The 4-hour Time Frame
Source- MINA/USD chart by Tradingview
In this lower time frame chart, the MINA coin has provided a candle closing above the $6.5-$6.35 resistance level. However, the retest candle has dropped more than expected, which indicates a slight threat of a fake-out.
The crypto traders can wait to see if the price could provide a daily candle closing above this crucial resistance to get a proper confirmation for a long trade. This MINA coin is currently trading at $5.98, with an intraday gain of 16.7%.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- 8 Best Crypto Exchanges That Accept PayPal Deposits and Withdrawals
- Jerome Powell Speech Today: What To Expect as Fed Ends QT
- Tom Lee’s BitMine Acquires 96,798 ETH Ahead of Ethereum Fusaka Upgrade
- Schiff Predicts ‘Beginning of the End’ for MSTR as Strategy Eases Bitcoin Sell-Off Fears With $1.44B Reserve
- Bitget Launches MONAD Earn With 20% APR, 800K MON Airdrop Campaign
- Dogecoin Price Below $0.15 as Crypto Market Crashes: Will $0.10 Hold?
- Will the Binance Coin Price Rebound as a Key RWA Metric Jumps 99%
- AVAX Price Prediction After Bitwise Files for a Staking ETF — A Rebound Coming?
- Will Chainlink Price Soar to $20 with U.S. Spot ETF Launch?
- Is Pepe Coin Price at Risk After Forming This Bearish Pattern?
- Bitcoin Price Drops to $87K in a Rapid Crash: What Sparked the Sell-Off?
